201-Recitation Problems-CHECK FIG-F'11

201-Recitation Problems-CHECK FIG-F'11 - Mgmt. 201 Fall...

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Mgmt. 201 – Fall 2011 CHECK FIGURES FOR RECITATION PROBLEMS Recitation Problems – R(1): 2-28, 2-30, 2-36 2-28 4. Hourly wages of security guards in the refinery: Product cost, step-fixed costs, OH. 11. Plant insurance: Product cost, fixed costs, OH. 2-30 Total costs at a volume of 700 replacements = $77,000. Total cost per muffler replacement at a volume of 600 replacements = $120/muffler. 2-36 3. The marginal cost of a flight would include the aircraft fuel, wages of the flight crew and airport maintenance personnel, and the food and beverages consumed by the passengers and crew. Any additional leasing costs or the decrease in the life (and therefore value) of company owned planes, should also be included. Recitation Problems – R(2): 2-37, 2-43, 2-45 2-37 1. 4. Advertising costs for Sony are an expense on the Income Statement. 7. The cost of chemicals and paper used during the period to manufacturing the product are part of the COGM and are on the COGM schedule. 2-43 1. Cost of goods manufactured (COGM) = $610,000. 2. Cost of goods sold (COGS) = $580,000. 3. Net income = $130,000. 2-45 3. b, f 6. a, d, g, j 13. b, c, e Recitation Problems – R(3): 3-31, 3-50, 3-52 3-31 1. 2. Ending balance of WIP Inventory = $576,000. Ending balance of FG Inventory = $18,000. Gross margin = $63,000. 3-50 1. Cost of goods manufactured (COGM) = $1,772,500. 2.
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This note was uploaded on 02/26/2012 for the course MGMT 201 taught by Professor Rowe during the Fall '08 term at Purdue University-West Lafayette.

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201-Recitation Problems-CHECK FIG-F'11 - Mgmt. 201 Fall...

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